NORTH VENICE, Fla.--(BUSINESS WIRE)--CGI®, part of the PGT Innovations (NYSE: PGTI) family of brands, announced today the launch of Sparta, an all-new, value-custom, impact-resistant window line.
Through extensive market research and careful examination of their product portfolios, industry leader PGT Innovations saw a clear need for an affordable, value-custom, impact-resistant window option for its customers. This research led to the creation of Sparta, an option for homeowners looking to upgrade to impact-resistant windows at an affordable price. With Sparta, homeowners can have 24/7 storm-ready protection for their homes and leave behind cumbersome plywood or storm shutters.
“Every homeowner exposed to extreme storms should have access to affordable products that offer exceptional protection for their homes and families,” commented Danielle Mikesell, Senior Vice President of Marketing and Product Management. “With Sparta, homeowners will have the uncompromised safety and performance customers have come to expect from CGI products, at a remarkable value.”
In 2017, Hurricane Irma demonstrated that every home in Florida – not just coastal homes – can be impacted by severe weather. As a result, more homeowners than ever began searching for a hurricane protection solution to fit the needs of their home and their budget. Sparta by CGI® will serve homeowners by making 24/7 impact protection available for less.
ABOUT PGT INNOVATIONS
PGT Innovations, headquartered in North Venice, Florida, creates value through deep customer relationships, understanding the unstated needs of an industry, a drive to create the strongest, safest products on the market, and a commitment to always moving forward. The company’s trusted brands include CGI®, PGT® Custom Windows + Doors, and WinDoor®. PGT Innovations is the nation’s largest manufacturer of impact-resistant windows and doors, holds the leadership position in its primary market, and is part of the S&P SmallCap 400 Index. For additional information, visit www.pgtinnovations.com.
FORWARD-LOOKING STATEMENTS
This press release may contain statements that constitute “forward-looking statements” as defined under federal securities laws of the United States. Generally, words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” and similar expressions identify forward-looking statements, which are not historical in nature. These forward-looking statements relate to, among other things: (i) the impact that our name change will have on the Company’s profile, brand, and performance; (ii) the impact the listing of our common stock on the NYSE will have on the Company’s profile, brand, and performance; and (iii) the outcome of these and other changes the Company is making to expand its growth opportunities and increase shareholder value. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. These risks include, but are not limited to:
- Changes in new-home starts and home remodeling trends
- The economy in the United States generally and in Florida, in particular, where the substantial portion of our sales are generated
- Raw material prices, especially aluminum and vinyl
- Transportation costs
- Our level of indebtedness
- Our dependence on our impact-resistant product lines
- Our ability to successfully integrate acquisitions, such as our acquisitions of CGI® Windows & Doors Holdings, Inc. and WinDoor®, Inc.
- Product liability and warranty claims
- Federal and state regulations
- Our dependence on our manufacturing facilities, and
- Other risks discussed in our Company’s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended January 2, 2016, and our subsequently filed quarterly reports on Form 10-Q, which are available from the SEC.
You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not undertake any obligation to update any forward-looking statement to reflect the impact of subsequent events or circumstances.
